Suraksha Group invests Rs 250 crore in Jaypee Infratech, secures Rs 3,000 crore loan to complete 20k flats
Monday, 26 August 2024
Suraksha Group injected Rs 250 crore into Jaypee Infratech Ltd (JIL) to aid their acquisition via an insolvency process. They secured a Rs 3,000 crore loan to complete 20,000 unfinished flats in Delhi NCR. With Rs 1,250 crore in available funds and plans to invest Rs 6,500-7,000 crore, construction aims to accelerate by October.
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